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He's been called the Warren Buffett of Canada -- and rightfully so. But will Watsa's golden stuff extend to the battered brand that is now BlackBerry?
The electronics titans square off in a tangled tale of mobile technology, centered on Apple's iPhone and iPad, that delves into where one company's designs end and another's begin.
After the struggling smartphone maker threw in the towel and announced its plans to go private, the man behind the buyout proposal, Prem Watsa, says he's confident the deal will succeed.
The $4.7 billion deal to take BlackBerry private is dead, and Thorsten Heins is headed for the exit. Now BlackBerry plans to raise $1 billion selling convertible notes to investors.
The buyout offer floated might be replaced with a deal that could come in around $7 per share, according to some analysts.
BlackBerry has agreed to a buyout by Toronto-based financial holding company Fairfax Financial Holdings, which owns about 10 per cent of the mobile company's shares.
BlackBerry shareholders would receive $9 a share in the deal offered by a group led by Fairfax Financial Holdings.
The beleaguered smartphone maker says it will consider "strategic alternatives" that could range from joint ventures to an outright sale of its operations.